Spot lead market price rose first and then fell this week (5.25-5.29)

1、 Price trend

 

This week’s lead market (5.25-5.29) rose first and then fell. The average price in the domestic market was 14418.75 yuan / ton at the beginning of the week and 14381.25 yuan / ton at the end of the week, with a weekly drop of 0.26%.

 

PVA 2699

On May 29, the lead commodity index was 87.52, down 0.23 points from yesterday, 34.69% from 134.01 (2016-11-29), and 17.27% higher than 74.63, the lowest point on March 19, 2015. (Note: cycle refers to 2011-09-01 to now).

 

2、 Market trend analysis

 

In terms of futures market, the trend is weak this week. Affected by foreign events, the trend continues to fall this week, with a weekly drop of about 1%. Shanghai lead rose at the beginning of the week and then entered the decline channel. On Friday, it finally closed at 14165 yuan / ton, down about 320 yuan / ton.

 

PVA

Influenced by Shanghai lead, the price of domestic spot market remained stable on Monday, and continued to decline after Tuesday’s price rise. As of Friday, the price of spot market was around 14200-14350 yuan / ton, with a weekly decline of only 0.26%. May is the traditional off-season of downstream lead batteries. At present, the stock of lead ingots in the spot market is relatively high, and the market trading atmosphere is slightly poor. In addition, the import of lead into the market this week, there are many sources of goods in the market. With the increase of starting load of manufacturers in Jiangxi and Yunnan, the supply of regenerated lead is better.

 

According to the price monitoring of the business agency, in the 21st week of 2020 (5.25-5.29), there are seven commodities in the list of commodity prices rising and falling, among which silver (1.70%), aluminum (1.56%) and praseodymium neodymium oxide (0.93%) are the top three commodities. There are 5 kinds of commodities falling on a month on month basis, and the top 3 products falling were zinc (- 0.65%), lead (- 0.26%) and nickel (- 0.21%). This week’s average was 0.22%.

 

The business agency predicts that the favorable impact of the two conferences on policies will further affect the metal market next week, and the commencement of domestic industries will gradually get on the right track. The overall market environment is good. The spot lead market has sufficient supply in the near future, and some low-cost goods sources appear. In the short term, the low price of lead will mainly fluctuate. In June, some domestic lead ingot manufacturers have maintenance plans, and the supply will be reduced There will be a small support for market prices.

POLYVINYL ALCOHOL